Job DescriptionMarket Risk is a key driver of new business initiatives, with additional responsibilities overseeing risk systems design and continuous improvements, and ensuring compliance with Risk Management policies and procedures.
Pay and Benefits:- Competitive compensation, including base pay and annual incentive
- Comprehensive health and life insurance and well-being benefits, based on location
- Pension / Retirement benefits
- Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
- DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
The Impact you will have in this role:Market Risk for Fixed Income Clearing Corporation (FICC) is responsible for the monitoring of daily margin calculations and managing market and liquidity risk exposures arising from trade execution and settlement activities.
Team members are responsible for understanding margining methodologies, maintaining a keen understanding of financial markets and client profiles, and effectively collaborating with other DTCC teams to identify, analyze, and mitigate potential risks and safeguard the financial market in which DTCC plays a pivotal role.
Your Primary Responsibilities: - Perform day to day functions contained in the procedures such as researching significant increases in margin requirements, supervising trading patterns of member firms, liquidity usage, etc.
- Develop a strong understanding of clients' business and risk profiles to serve as a point of contact for risk related support and inquiries.
- Mitigates risk by following established procedures, identifying and advancing emerging risks, and demonstrating strong ethical behavior.
- Collaborates with cross functional teams including Counterparty Credit Risk, Liquidity Risk, Operations, Quantitative Risk, Relationship Management to bolster risk management practices.
- Educate clients on risk management tools and initiatives.
- Aligns risk and control processes into day to day responsibilities to supervise and mitigate risk; advances appropriately
Qualifications: - Minimum of 4 years of related experience
- Bachelor's degree preferred or equivalent experience
Talents Needed for Success: - Fosters a culture where integrity and transparency are expected.
- Stays current on changes in their own specialist area and seeks out learning opportunities to ensure knowledge is up-to-date.
- Collaborates well within and across teams.
- Communicates openly with team members and others.
- Resolves disagreements between colleagues effectively, minimizing the impact on the wider team.
The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations.
